USA: Depressed global rice prices expected to move even lower
Eroding rice prices seen during the past several years have forced many producers and traders into a state of anxiety. Like other commodities, the price of rice moves in step with supply and demand factors. Longstanding oversupply has hurt the industry by driving prices lower and reducing or eliminating profits. Even an optimistic reading of current rice data leaves little reason for analysts to forecast higher price values for the 2001-02 season.
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